The Cotai Strip is a major land reclamation project in Macau, a special administrative region of the People's Republic of China. The land reclamation project includes joining the two islands of Coloane and Taipa, and is part of the Macau government's continuous efforts to expand the region's territory. The reclamed land in the Cotai Strip is to be mainly used for casino developments, and the English name for the new area has been derived from the Las Vegas Strip. However, the Macau gaming economy has already outgrown its American counterpart Las Vegas.
The project is funded by Las Vegas Sands, which currently has a trademark application pending with the United States Patent and Trademark Office for the name "Cotai Strip". However, the name Cotai Strip is used generically by the press, as well as other Cotai Strip casino companies, such as Melco-PBL and Galaxy Entertainment, in their financial filings and websites.
The name "Cotai" is a portmanteau of the names of the two islands, Taipa Island and Coloane Island.
Galaxy Entertainment's Grand Waldo Hotel was the first casino to open on the Cotai Strip, commencing operations in 2006. Las Vegas Sands’ Venetian Macao opened on August 28, 2007, and was a major milestone for the project.
Read more about Cotai Strip: Current Properties, Economic Crisis, Plots 7 and 8, List of Casinos and Hotels By Macau Concessionaires, Gallery
Famous quotes containing the word strip:
“The annals of this voracious beach! who could write them, unless it were a shipwrecked sailor? How many who have seen it have seen it only in the midst of danger and distress, the last strip of earth which their mortal eyes beheld. Think of the amount of suffering which a single strand had witnessed! The ancients would have represented it as a sea-monster with open jaws, more terrible than Scylla and Charybdis.”
—Henry David Thoreau (1817–1862)